You need a foundation to build knowledge upon, the ability to create, read and understand basic reports. This entire process starts here - understanding how your business makes money. Today's show is Business Finance 101 - what standard reports are available and what story does it tell. Show Objective Given the 3 standard financial statements (Balance Statement, Income Statement, and Sources & Uses of Cash), you will be able to interpret the financial performance of the business and improve future decision making.

EPISODE 21: Summary ​We now start week 2 of the series and specifically how to get a handle on your key financial reports. This is a two step process. It starts with you becoming intimate with the standard reports and using it to then build custom reports based on what you learn from the Balance Statement, Income Statement, Cash Flow Statement. The second step is finding at a minimum a CPA and the best case is a fractional CFO to handle the reporting so you can spend your time discussing the implications of past, present, and future decisions.